360 W Hubbard St, Chicago, IL, United States
dsadellari@alliancebizadvisors.net
SBA 7(a) can be used for:
SBA 504 can be used for:
We work with many small businesses, providing responsible working capital solutions tailored specifically for their business needs. We know each client carries a unique story, and with dozens of different forms of working capital available in the market, the “one size fits all” approach utilized by many of others in this market leaves many small businesses fighting an uphill battle with a product that doesn’t match their business needs.
Alliance Business Advisors works nationwide solely with SBA Preferred Lenders. We also have partners able to provide conventional business financing.
10 years for most uses of proceeds and up to 25 years for CRE and 10 years for equipment. Fully amortizing with no prepayment penalties for loans under 15 years.
Average timelines range anywhere from 45 to 60 days from the initial application date, dependent on various factors
Low to minimal collateral requirement by SBA. Must take first position on all financed assets and best position UCC filing on all business assets.
Typically, loans of $500,000 to $5,500,000 include working capital, equipment or debt refinancing needs. Business acquisitions and CRE uses are also eligible.
Variable interest rates and multi‐year adjust. Usually priced at Wall Street Prime +3.00%, adjusting every calendar quarter (Jan. 1, Apr. 1, Jul. 1, Oct. 1)
No assignment of life insurance or junior positions on personal real estate are required by SBA, no minimal financial covenants and all owners of 20% or more must provide guarantees.
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DISCLAIMER: Alliance Business Advisors is not a registered investment advisor nor does it make investment recommendations. Alliance Business Advisors is not responsible for capital raises activities, nor is it offering investment, tax, legal, or financial advise. The information on this website is not an offer or solicitation for any mortgage product or any financial instrument. Products, services, fees, charges and rates may vary for each geographic location, loan program type and borrower financial situation. Not all products and services are offered at all locations. None of the information contained on this website should be interpreted or considered a loan approval or commitment to lend and no offer is made. You should consult with your attorney and tax accountant prior to entering into binding contracts or considering the effect of tax requirements. The contents of this site are provided as a resource for educational purposes and subject to change without notice.